Master Of The M&A Universe
The phone call arrived at midnight on Friday, Jan. 31, just as Stephen R. Volk was preparing to go to sleep. On the line was Morgan Stanley & Co. General Counsel Jonathan M. Clark, who alerted the corporate lawyer that the investment bank's landmark merger with retail broker Dean Witter, Discover & Co. was on--and had to be sewn up as fast as humanly possible. The reason for the rush: rampant rumors that Morgan Stanley was cooking up a deal with PaineWebber Inc. While the buzz was wrong, reporters were sniffing around furiously to see if anything was up.
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